1994-06-29_GENERAL DOCUMENTS - C1981017

• Permit No: C1981017
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Date: 6/29/1994
• Doc Name: Sworn Declaration of Fact of Robert Stevens
• Permit Index Doc Type: General Correspondence
• Media Type: D
• Archive: No

FROM:natural TO:303-243-4920 JUN 29, 1994 4:13PM 4004 P.02
.I
UNITED STATES DISTRICT COURT IN BANKRUPTCY
FOR THE DISTRICT OF COLORADO
In re:
j }
MID-CONTINENT RESOURCES, INC. Bankruptcy No. 92 11658 PAC)
Chapter 11
T.I.N. 36 1475193
Debtor. )
M.C. No. H&J-13
1 '
SWORN DECLARATION OF FACT OF ROBERT STEVENS
1. My name is Robert Stevens and I an a certified general
r'
appraiser.
2. I was hired by the Division of Minerals and Geology to
provide comparable sales data concerning the Rockdust Plant real
estate.
ales
3. Of the seven
inllg9l,compiled,
andfour oCcurredhina occurred
1992.
in 1989, one
4. The compiled sales indicate a range of prices between
about $5,000 per acre to about $11,600 per acre.
5. It is my understanding that the offer on the Rockdust
Plant real property is $147,600, which is about $8,600 per acre.
6. It is also my understanding that the proposed contract
requires that $40,000 of the sale price be withheld to ensure the
cleanup of the site and the demolition of structures.
7, If $40,000 is withheld and ultimately spent to clean up
the site or demolish the structures, then the effective salix
price would be $107 , 600, which is about $6,000 per acre.
thousand dollars per acre falls at the low end of the range of
prices I compiled.
f